Travel, Hospitality and Conference Expenditures for the year ended 31 March 2024

Significant variances compared with the previous fiscal year

Travel expenditures were higher in the 2023–24 fiscal year than they were in 2022–23 mainly because we completed a full year of normal operations after the removal of COVID‑19 travel restrictions. We limited the increase by ensuring that our annual travel spending was less than our planned travel spending to align with the Budget 2023 spending‑reduction exercise.